The $37.7 billion pension system has approved an allocation to the New York-based private equity giant’s latest global real estate fund, which is expected to reach $6 billion in commitments by year’s end.
1 min read · 18 January 2013
The estate of the former Wall Street banking giant has exercised its right of first offer and matched the bid made by the Sam Zell-led REIT. Lehman also is suing co-owners Bank of America and Barclays for breach of contract.
2 min read · 18 January 2013
The largest investors in the $4.7bn Morgan Stanley Real Estate Fund (MSREF) VII Global have notionally agreed to extend its investment period by 12 months in return for the cancellation of $700 million of capital commitments and a small reduction on various fees.
2 min read · 18 January 2013
The Chicago-based real estate firm has acquired The Parking Spot for $360 million on behalf of its third value-added fund.
2 min read · 18 January 2013
The $50.8 billion pension plan will allocate up to $100 million to Prudential’s $500 million value-added fund focusing on senior housing investments.
2 min read · 18 January 2013
The giant apartment REIT in the middle of a heated ownership battle has purchased a 209-unit high-rise building in Manhattan’s Kips Bay neighbourhood.
2 min read · 18 January 2013
Knock-out return for The California Public Employees’ Retirement System’s (CalPERS) from its original $500m commitment to GI Partners Fund I.
2 min read · 18 January 2013
The Korean pension has entered a co-investment partnership with Behringer Harvard on properties in its portfolio valued at more than $1 billion.
2 min read · 18 January 2013
According to the latest research by the Switzerland and Singapore-based investment advisory group, Japanese private equity real estate funds attracted the most investment in Asia during the first nine months of 2011.
2 min read · 18 January 2013
In one of the most prestigious appointments in real estate consultancy, the board of the California Public Employees' Retirement System reaffirmed Pension Consulting Alliance as its principal real estate consultant following a competitive tender.
1 min read · 18 January 2013
